Here’s an interesting setup for all you counter-trend traders out there. A Bullish Butterfly Pattern checkback could provide a solid buying opportunity. Let’s break it down.
Current Overview:
- Bullish Butterfly Pattern: This pattern is setting up a potential buying opportunity for those looking to trade against the trend.
Strategy:
Final Thoughts:
This setup offers a clear strategy for managing risk while capitalizing on a potential counter-trend move. Remember, trading is all about planning and managing your risk effectively.
Are you considering this trade? What’s your approach to counter-trend trading? Share your thoughts and strategies below!
Happy trading, everyone! 🚀
Current Overview:
- Bullish Butterfly Pattern: This pattern is setting up a potential buying opportunity for those looking to trade against the trend.
Strategy:
- Entry: Look to enter a long position as the market completes the Bullish Butterfly Pattern.
- First Resistance Level:
- Trendline Break: The first level of resistance will be at the Red Trendline on the chart.
- Partial Profit: When the market touches this trendline, consider taking partial profits.
- Stop-Loss Adjustment: Shift your existing stop-loss to the entry price at this point, creating a risk-free trade.
Final Thoughts:
This setup offers a clear strategy for managing risk while capitalizing on a potential counter-trend move. Remember, trading is all about planning and managing your risk effectively.
Are you considering this trade? What’s your approach to counter-trend trading? Share your thoughts and strategies below!
Happy trading, everyone! 🚀
Zlecenie aktywne
Target 1 Attained: 161.70(+78)Shift Stops to Entry: 160.95(+3)
Risk-Free Trade Attained ☺
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.